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Cloudflare (NET) Operating Expenses: 2017-2024

Historic Operating Expenses for Cloudflare (NET) over the last 8 years, with Dec 2024 value amounting to $1.4 billion.

  • Cloudflare's Operating Expenses rose 24.19% to $453.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $1.7 billion, marking a year-over-year increase of 23.53%. This contributed to the annual value of $1.4 billion for FY2024, which is 23.01% up from last year.
  • Cloudflare's Operating Expenses amounted to $1.4 billion in FY2024, which was up 23.01% from $1.2 billion recorded in FY2023.
  • In the past 5 years, Cloudflare's Operating Expenses ranged from a high of $1.4 billion in FY2024 and a low of $436.8 million during FY2020.
  • Over the past 3 years, Cloudflare's median Operating Expenses value was $1.2 billion (recorded in 2023), while the average stood at $1.2 billion.
  • Data for Cloudflare's Operating Expenses shows a peak YoY surged of 48.17% (in 2022) over the last 5 years.
  • Yearly analysis of 5 years shows Cloudflare's Operating Expenses stood at $436.8 million in 2020, then skyrocketed by 45.84% to $637.0 million in 2021, then spiked by 48.17% to $943.8 million in 2022, then grew by 24.52% to $1.2 billion in 2023, then grew by 23.01% to $1.4 billion in 2024.